Cargo Growth from DR Congo increases Tanzania’s imports receipts
Tanzania, March 23 – Cargo growth from Democratic Republic of Congo have discomforted Dar es Salaam’s port as the export revenues continue to drastically go up. It is believed that in the next three months, DR Congo’s cargo to the East African nation will shoot up by 45 per cent, which is on a high end.
Tanzania has benefited from the reign of President John Magufuli who has reinforced better strategies to ensure Tanzania is a global hub for industry and trade. This has been achieved by reducing the tax payment by traders who were closing down business due to the hefty taxes levied on their business.
The cargo growth brings a fortune on the country’s end though the port is in need of storage facilities. Despite the expansion plans to be able to handle more goods, there is a cry of insufficient storage facilities that could cost the government an arm and a leg. It would be necessary for the Parliament to look into it as they thrive to benefit greatly from the Forex trade.
Western Africa has been inclined to do business in East Africa with Tanzania taking charge of the helm. There is a lot of potential within the vicinity and the ease of doing business around the zone has been a key factor to the expansion of the industry. Tanzania will need as well to up the security level to ensure there is no trespass or mischief done to the goods.
This makes Tanzania’s get more goods and improves the importation receipts. Handling of large containers would need a level of specialization in technology for the nation to provide quality services to its customers. The country could see growth of businesses and development of areas around the port and beyond.